Microstrategy plans to buy bitcoins by selling $ 1 billion worth of shares

Microstrategy plans to buy bitcoins by selling $ 1 billion worth of shares

Save MicroStrategy's appetite for bitcoin seems to never end. At the request of the company to the SEC, which was released on June 14, the trading giant intends to sell its shares worth $ 1 billion to buy more bitcoins.
Microstrategy, despite having the largest amount of bitcoin reserves among other trading companies, still intends to double its investment in bitcoin. According to the latest developments, the company plans to raise $ 1 billion from the sale of its shares and thus Add money to your bitcoin assets.

As reported by BTC PEERS, Microstrategy announced on Monday that it has raised $ 500 million to buy bitcoins. As expected, the company is looking to increase its bitcoin assets by all means. Following this news, the microstrate stock grew by 13%.

In February, MicroStrategy CEO Michael Silver, a staunch supporter of Bitcoin, held a MicroStrategy World 2021 virtual conference with his 6,900 employees. Last month, bitcoin was put at great risk due to its high energy consumption, but Mr. Silver convened a meeting on bitcoin mining, in which he tried to push bitcoin mining toward greener options.

The average Ethereum transaction fee fell below $ 1

The average Atrium transaction fee fell below $ 1

According to EtherScan, the average price of Ethereum Transaction Fees has dropped below $ 1.

Less than a month ago, with Ethereum rising to an all-time high, Ethereum transaction fees were above $ 50.

According to experts, the decrease in activities in the field of defense and NFTs has had a significant impact on this decrease.

SHIB INO TECHNICAL ANALYSIS (SHIB) Friday, May 14

SHIB INU TECHNICAL ANALYSIS (SHIB) Friday, May 14

SHIB INU digital currency (SHIB) experienced a loss of price. Vitalik Buterin, the creator of Atrium, took his SHIB Inu liquidity (SHIB) out of the ion swap platform. However, Shiba Inu was able to maintain well at these levels as the price jumped out of the demand barrier.

SHIB price is returning

SHIB prices have fallen 45 percent in the past 24 hours and 52 percent since May 11. However, it seems that the token or internet joke has faced an upward reaction from the demand area, which extends from $ 0.0000117 to $ 0.0000168 and can increase the price of SHIB by 33%.

Although unlikely, the SHIB price could try again in its support area before this bullish scenario. The lower limit of the supply area ranges from $ 0.0000286 to $ 0.0000318.

Investors can expect a 30% increase in the SHIB price from the current price, but if the price floor is tested again, we will see a 60% price increase.

Apparently, the SHIB price will be bullish, but investors should be aware of any sudden fall in the cryptocurrency market that could affect the bullish scenario. Nevertheless, if SHIB prices are unable to rise above these levels due to disappointing buying pressures or potentially downtrends, market participants can expect a 22% drop in the price of these cryptocurrencies to $ 0.0000162.

However, breaking the demand area downtrend line at $ 0.0000117 could invalidate the uptrend scenario and create a new downtrend. In that case, the SHIB price could experience a 70% drop to the next support level at $ 0.00000360.

EOS growth of more than 100% in two days , Friday May7

EOS growth of more than 100% in two days , Friday May7

As of May 5, the price of EOS has increased by more than 100% following the recent upgrade of its protocol.

 

Data show that after reaching a low of $ 6.18 on May 5, the EOS price rose more than 100% in the middle of the day, reaching $ 12.85 on May 6 and recording $ 15 billion in 24-hour trading volume. Appeared.

 

 The most important developments of the network during the last month have been related to resource allocation and receiving bonuses.

A recent Block.one report states that the protocol needs to increase inflation from the current rate of 1% to between 1.2% and 3.8% to increase the financial incentives of voters and bloc producers.

 

The second major development for the protocol is the EOS PowerUp model, which allows users to pay for a 24-hour network connection for a transaction fee.

 

The PowerUP model offers EOS token holders another way to earn returns by depositing unused EOS tokens to receive a percentage of the total "boost" costs generated by the network.

 

This option has become increasingly attractive as most traders look for ways to avoid high transaction costs on the Atrium network.

 

VORTECS data from Cointelegraph Markets Pro began identifying the EOS uptrend on May 4, before the recent price increase.

 

The VORTECS score is a comparison of the algorithm of historical and current market conditions, which is derived from a combination of data including market sentiment, trading volume, recent price changes and Twitter activity.

 

As can be seen in the chart above, the VORTECS for score for IAS in the first few days of May before reaching the green zone for a high score of 68 on May 4 was in the yellow range. It was just an hour before the price increase and within two days it started to accumulate 100%.

 

With cryptocurrency markets warming and new projects such as LightCoin (LTC) and Classic Atrium (ETC) reaching a new high in 2016, EOS is one of the major blockchain projects that could increase the declining cryptocurrency market. Continue yourself.

Ethereum will soon be $ 10,000! Wednesday, May 5

Ethereum will soon be $ 10,000! Wednesday, May 5

Ethereum (ETH), the second largest cryptocurrency on the market, could soon reach $ 10,000. In fact, ether prices have risen sharply over the past two years. This rate has been steadily increasing to more than 343% to date.

According to CoinGecko, the price of ether at the time of writing is $ 3,380.

Sheldon Evans, YouTuber, a digital currency, in a video titled "Ethereum Up to 10,000?" - An event for massive growth! Explained to cryptocurrency Ether analysis and the possibilities of converting Ethereum to Bitcoin.

Weekly evaluation of Kitco site of gold market ,May 3

Weekly evaluation of Kitco site of gold market ,May 3

Disappointment is back in the global gold ounce market. The XAUUSD price could not cross the $ 1,800 resistance. At the same time, inflationary pressures are intensifying, expansionary monetary policies continue to be strong, and governments are seeking to increase their spending. According to Kitco News, analysts have warned that lower global ounce prices should be prepared for lower prices in such circumstances. However, many analysts believe that the recent price cut is just a pullback to support and will provide a new opportunity to buy.
This week, 15 Wall Street activists took part in a weekly evaluation of the Kitco site. Fifty-three percent predict that the global ounce gold trend will be bullish in next week's trading. Another 47% predict that the market will be trendless or neutral. None of the market professionals expect a downward trend in the short term. Meanwhile, 954 Main Street investors took part in the online survey. 54% are in favor of an uptrend, 26% are in favor of a downtrend and 20% are in favor of a trend-neutral market.
Some analysts believe that gold failed to break $ 1800, but at the same time managed to defend the support of $ 1750. For this reason, market participants see last week's price drop as an opportunity to buy gold at lower prices.

Opinions of traders and investors about ounces of global gold

Ole Hansen is a commodity market strategist at Saxo Bank

"Gold has again disappointed its investors."

Adrian Day, President of Adrian D. Capital Management Company

"The price of an ounce of global gold should pull back to $ 1745. Gold broke the $ 1745 resistance in early April. This resistance prevented further growth of gold prices for two months. It is better that the market responds to this resistance as soon as possible in the form of support. The long-term trend of global gold ounces is bullish. "Inflationary pressures have intensified, and the Federal Reserve does not want to counteract the rise in inflation by raising interest rates or exiting the bond-buying program."

Marc Chandler is the CEO of Bannockburn Global Forex

The professional activist believes that if the market does not defend the support of $ 1750, the price of a global ounce of gold could fall to $ 1724. "Technically, the short-term trend of the global ounce of gold tends to decline. "Gold is approaching the $ 1,752 support area, which includes a 38.2% correction in the April Fibonacci rally." Although the long-term ounce of global gold is bullish for the professional activist, gold has performed poorly compared to copper, the stock market and even bitcoin. "There are strong risk aversions in the parallel gold markets and no one likes to wait for gold to grow in this situation. "Investors have better options to buy."

Michael van de Pope speaks of three currencies with high growth potential

Michael van de Pope speaks of three currencies with high growth potential

Michaël van de Poppe, a leading digital currency trader and analyst, predicts that Cardano (ADA), Litecoin (LTC) and Ziliqa (ZIL) are ready to begin the next phase of their bull cycle.

In a new video, the popular analyst told his 76,700 followers on his YouTube channel that it was time for Cardano to complete its consolidation phase against Bitcoin (ADA / BTC).

Looking at the long-term chart, the trader added that the ADA / BTC pair is still in its early stages because he believes that the pair has a lot of upside potential.

Regarding the ADA / USD currency pair, he says that the failure of the immediate resistance of this currency pair will push Cardano to the $ 2.40 level.

"I think when we break this red line ($ 1.36), we go past the previous record high, start consolidating, and then move on, because then, with the previous resistance breaking, This level becomes a strong support. Until then, we will just keep moving. "

In addition to Cardano, this strategist also monitors Litecoin. According to him, this currency is also ready to start a 65% move against Bitcoin (LTC / BTC).

Another of Van de Poop's most popular altcoins is the Ziliqa (Chinese blockchain for enterprise solutions). According to him, the ZIL / BTC currency pair is in a strong uptrend and is now ready to grow more than 120% of the current price level at 0.00000363.

Stock Exchange Commission (SEC): Are Ripple activities related to XRP token price?

Stock Exchange Commission (SEC): Are Ripple activities related to XRP token price?

Ripple's exploratory feuds with the US Securities and Exchange Commission are heating up with another letter to Judge Sarah Netborn, defending the decision to contact foreign lawmakers.

The agency claims that it seeks information from overseas entities to refute some of the company's key defenses.

In particular, it is trying to find out whether Ripple activities are related to the price of the XRP token. Obtaining daily trading data from foreign exchange offices is the only way to determine this. Because defendants claim that they are the only sources of pricing information:

"In addition, there is a growing demand for evidence for Ripple's defense. One of these cases is Ripple's defense, which claims that the price of XRP is not determined by Ripple activity. D.E. "51 ¶ 13, a defense to which the daily trading price of XRP on foreign platforms (used by Ripple, which Ripple says is the only source of this pricing information) is unquestionably relevant."

The SEC application is not legally binding

The Securities and Exchange Commission claims to be seeking information from 20 foreign entities and their affiliates.

The statement said foreign entities could reject MOU requests if they thought they were "heavy" or "inappropriate".

Ripple's lawyers claimed in their letter that more than 20 SEC targets are based in the United Kingdom, Singapore and Japan, countries where local lawmakers have recognized that XRP is not a security.

South Korean money changers reopen cryptocurrency face-to-face shopping centers

South Korean money changers reopen cryptocurrency face-to-face shopping centers

Coinone and Bithumb have both reopened their customer centers in the capital in response to growing domestic interest in cryptocurrencies.

Coinone Exchange, one of the top four cryptocurrency exchanges in South Korea, has reopened its offline customer center in Seoul. According to a report in The Korea Herald on April 29, the center initially opened in September 2017, but has since closed due to the company's decision to focus on other business activities.

Currently, with an increase of 20 times more than usual registration of new users of the cryptocurrency exchange in the first quarter of this year, this exchange will resume its offline services for customers. At the end of this month, the Herald reported that Coinone had reached 2 million users.

In addition to reopening an offline hub, Coinone has reportedly doubled its staff to meet information needs and help a wide range of new customers.

The trend seems to be expanding to resume face-to-face customer service in South Korea, with Bithumb, the country's second-largest exchange, opening an offline hub in the capital earlier this week. The Korbit exchange is reportedly considering a similar move.

These developments show the rising atmosphere in the South Korean digital currency market, where the price of Bitcoin is recently trading with a new "Kimchi premium" that rises to the highest price of the year. The craze for cryptocurrencies has apparently spread to domestic stock prices as well. Meanwhile, companies holding shares in some of the country's top cryptocurrency operators have seen significant gains in recent weeks.

Analysts predict that the Kakao Forum in South Korea, which owns cash shares in Upbit and Dunamu and is active in the cryptocurrency and blockchain industries, is likely to reap the benefits of Korea's rising cryptocurrency market next year.

Equipping 10,000 taxis in the UK with Ethereum-based payment gateways in the future

Equipping 10,000 taxis in the UK with Ethereum-based payment gateways in the future

According to an announcement released Monday, HIPS mobile payment companies and the Nordic taxi payment platform will work together to enable taxis in the UK and Scandinavia to accept cryptocurrencies on the Ethereumblockchain.

Under the partnership, 10,000 taxis in the United Kingdom and 20,000 taxis in Scandinavia will be able to use the toll booth after passing the beta test in November.

The platform will initially accept the USDC Stable Coin and the native HIPS token called the Merchant (MTO), which is issued on Ethereum and under the ERC-20 standard. According to the announcement, the acceptance of other cryptocurrencies will be on the platform's agenda as soon as possible.

The system, which essentially includes the HIPS Merchant Protocol and its HMP payment gateway platform and native tokens, has been described as a "solution that borrows concepts such as" consumer protection "from the traditional card payment industry. "Atrium blockchain enters."

The HIPS system works with a wide range of payment platforms to enable cryptocurrencies to pay for everything from Time Magazine subscriptions to organic vegetables.

Launched earlier this month, the HIPS system is designed to work with any blockchain capable of supporting smart contracts; This means that in the future he will use not only Ethereum but also Cardano and Solana.

In fact, the protocol, which has the ability to "speed up real-time trading", was developed not only for Atrium, but also for a blockchain like Solana, which the statement described as "a fast blockchain that It can support more than 50,000 transactions per second. The block time in this blockchain is 400 milliseconds and its transaction fee is approximately $ 0.00001. "

This speed is enough even for the shortest city trips by taxi.